Listing Number: 0101-423421
Description
This full-service Bicycle store has been successfully serving the region for almost 50 years. The owner has met his objectives in building this store and its wide customer base and is ready to retire and transition to the next generation of management. This store is widely known for its incredible level of customer service as well as the wide array of bicycle brands which include TREK, Eastern, SE, GT, Sun, Fuji and many others. An onsite full service and repair department is fully stocked with parts, supplies and tools which are, of course, included in the sale. This is a mid-range “family store” that offers bicycles for all levels and features BMX, recumbent, trikes, electric and exercise bikes. The sale includes a minimum of $180,000 in saleable inventory. Revenues are further supported by offering a store full of accessories, bike rentals and lessons. The owner works part time only (3 days a week) and relies on a staff that have been with the store for 15+ years who handle the sales, repairs and general store operation on a day-to-day basis. There is significant upside in expanding the accessory side of the business (clothing and related footwear), adding a road bike department and further bolstering sales by adding e-commerce capability to the company’s website. Below market lease for this major road fronting plaza, options to extend can be negotiated. The owner is fully committed to a successful transition and will fully train and transition to ensure the long-term success of the Buyer. All interested parties to provide a PFS and summary BIO before disclosure and a full Offering Memorandum is provided.
Listing Details
- Price: $ 695,000
- Down Payment: $695,000
- Sellers Discretionary Earnings: $ 201,981
- Total Sales: $ 535,808
- Location: Broward County, Florida
- Inventory: $ 180,000
- FF&E: $ 47,000
- Employees: 3
- Year Established: 1975
- Reason for Selling: Retirement
- Category: Sports Related Biz
